Outlook on Campu ‘negative’
Moody’s Investment Services yesterday announced a change in outlook for Cambodian Public Bank to “negative” from “stable”, citing increasing risks in the Kingdom’s banking system and exposure to slow-downs in Western markets. While CamPu Bank country head Phan Ying Tong said yesterday the company’s financial position remained strong, one Moody’s analyst reckoned a credit-rating downgrade was likely to follow over the next year and a half. The change in outlook comes as Cambodia’s financial sector is increasingly at risk from rapid credit growth, Christine Kuo, a Moody’s senior credit officer, said in a report on Monday…
http://www.phnompenhpost.com/index.php/2011092151766/Business/outlook-on-campu-negative.html
